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Preakness 

A Baltimore tradition known for legal public drunkeness. It doesn't matter if you're 12 or 52 - you will be drunk. You will probably ride a school bus to Pimlico, where you will ingest more beers than you ever have before at 8 am. You will continue drinking in line, so that by the time you enter the field, you already have the drunk munchies. You may not actually see a horse all day, yet this IS indeed a horse race. And yet, many have been known to spend money betting on Smarty Jones just to get a lousy $2 pay out. You will come clean and leave covered in either beer, urine, mud, puke, or a fabulous combination of the group. You will probably use a port-a-potty more in this one day than all other days of your life combined. You will challenge people at bonging beers, and invent new drinking games that will be forgotten the next day. You will make grand plans to go out that night and continue drinking, but will pass out anywhere between 3 and 7 pm until noon the next day. You will spend $40 to spend a day in the dirt, and know it's a bargain. If you've gone once, you will return every year thereafter, and love that you live in the fabulous city of Baltimore.
I can't really remember Preakness, but it flippin' ROCKED!
Preakness by towson tiger January 24, 2006
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Preakness 

Highly attractive in regard to a circumstance; very cool.

or

Used to describe a situation in which extreme fortune has occurred.
Person 1: Hey, I signed us up for a free boat cruise.
Person 2: Preakness. We can sing "I'm on a boat".
---------
Person 1: Turns out she isn't pregnant, AND I got a raise.
Person 2: Preakness.
Preakness by Cam "yo dog" S April 4, 2010
A peeness suddenly came over me and I had to rush to the toilet
Peeness by affleck April 29, 2009

club preakness 

The Nickname for Preakness Shopping Center in Wayne, NJ - generally populated by kids not old enough to drive. Club Preakness includes such features as Prekaness Cinema, CyberConxion, Prekaness Deli and Stop & Shop.
"For an 8th grader, Club Preakness is the place to be."
club preakness by Laura December 30, 2004
used in a sentence{Go pee or your peeness will fall out.}
peeness by Rachel December 11, 2003
When you have to pee really bad and you're talking about it.
If I sit like this I can't feel the peeness.

Note: someone actually said the above sentence without realizing what they had just said
peeness by Princess Crime Mob January 11, 2005

Prickness 

The attitude which consists in acting like a prick.
I've never seen such prickness in that classroom.
Prickness by gigatramp April 27, 2011